I commented on Paul Henderson's blog Paul Henderson (RE/MAX Professionals), the other day and Paul thought this was a great answer.
Banking Bailout
"The banking bailout was a basic handout, it doesn't direct the money to help the general welfare. The banks are using it for their own purposes and could give a care about everything else. They kind of said, I am on the ledge and holding your baby, if I don't get money I will jump. Sometimes we feel we should have grabbed the baby and pushed."
It was basic blackmail, give us money or we are all doomed! I am getting tired of thinking and writing about this dilemma. Unfortunately we need too. We need the money from now on to go to where it will be given to borrowers for mortgages, car loans, business loans.
If there is money they will come. We can sell lots of real estate and solve the banks problems for them even better, if the mortgages that are in trouble get paid off.
Richard
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